ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 8,002 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 8,002 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of $53.22 per share, for a total transaction of $425,866.44. Following the completion of the transaction, the insider owned 5,297,256 shares of the company’s stock, valued at $281,919,964.32. The trade was a 0.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, December 4th, Saba Capital Management, L.P. purchased 15,408 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $52.87 per share, with a total value of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. purchased 9,576 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $53.37 per share, for a total transaction of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 8,078 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $52.82 per share, for a total transaction of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $53.46 per share, with a total value of $511,077.60.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 7,283 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $48.75 per share, for a total transaction of $355,046.25.
• On Friday, November 21st, Saba Capital Management, L.P. purchased 9,784 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $46.94 per share, for a total transaction of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. purchased 27,496 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $47.41 per share, with a total value of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. acquired 10,094 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $48.16 per share, for a total transaction of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. acquired 2,268 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.35 per share, with a total value of $858,171.40.

ASA Gold and Precious Metals Stock Down 1.7%

Shares of ASA opened at $52.06 on Tuesday. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $54.69. The stock has a 50 day simple moving average of $48.16 and a two-hundred day simple moving average of $39.70.

ASA Gold and Precious Metals Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals in the third quarter worth approximately $55,000. JPMorgan Chase & Co. bought a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $61,000. Savant Capital LLC purchased a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at $220,000. HB Wealth Management LLC bought a new stake in ASA Gold and Precious Metals in the 3rd quarter worth $295,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in ASA Gold and Precious Metals in the 2nd quarter worth $231,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.